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International

Bank Acquisition
Location:
Spain
Service:
Due Diligence Review
Project Size:
1,261 assets

VERTEX/CAT conducted due diligence review of 1,261 assets located throughout Spain as part of an acquisition of a bank. The due diligence schedule was very tight. As such, site visitations, which were a combination of drive-bys and full site assessments, were conducted at the same time as the dataroom review. Dataroom teams consisted of senior level bilingual staff who were able to determine which sites necessitated visitations based on available data in the dataroom, geographic location and site use/history. The assessment work was performed on a 24-hour/day rolling schedule in order to meet critical milestones in the 7-day due diligence period.

Within one week of authorization, a summary of the findings from drive-by site visitations and document reviews were provided in a spreadsheet. Based on the environmental issues, VERTEX/CAT assigned risk rankings and liability costs to each site.  The final spreadsheet, including specific notations was provided with the reports for use during negotiations.

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